Hyperliquid is paying traders 500% a year to hold long oil derivatives. Payouts are hourly as an additional reward.
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Hyperliquid recorded annualized anchoring rates of up to 500% in its perpetual Brent and WTI contracts, while Brent exceeded $100 per barrel. The phenomenon reflects a strong imbalance between long and short positions, although it also exposes operators to extreme leverage, technological risks and extraterritorial counterparts.